Medtronic (NYSE:MDT) said today that it acquired Baylis Medical’s OsteoCool device for treating cancers that metastasize to the spine after the device won 510(k) clearance from the FDA last year. The original OsteoCool device 1st won 510(k) clearance in March 2012. A 2nd version landed another 510(k) in June 2015, and Montreal-based Baylis won a nod last […]
Mergers & Acquisitions
Dentsply, Sirona shareholders clear $5.56B merger
Dentsply International (NSDQ:XRAY) and Sirona Dental Systems (NSDQ:SIRO) said yesterday their shareholders “overwhelmingly” approved their proposed $5.56 billion merger. The companies said that shareholders approved all proposals to complete the merger and the deal remains on track to be completed in the 1st quarter of this year. “We are pleased with the overwhelmingly favorable outcome of […]
Smith & Nephew buys Piramal’s BST-CarGel cartilage repair assets
Smith & Nephew (NYSE:SNN) said to day that it acquired the BST-CarGel cartilage repair line from Piramal Healthcare for an undisclosed amount. BST-CarGel, which is approved in Australia, Canada and most of Europe, is a biopolymer-based solution that’s mixed with a patient’s blood and implanted into the knee, hip, ankle or shoulder after microfracture procedures, London-based Smith & […]
SurModics buys catheter maker NorMedix
SurModics (NSDQ:SRDX) said today that it acquired NorMedix for $14 million, including $7 million in up-front cash and another $7 million in revenue milestones. Plymouth, Minn.-based NorMedix makes thin-walled catheters, according to SurModics, which inked a $32 million deal for Creagh Medical late last year. “With NorMedix we will have a differentiated catheter-technology platform and additional […]
ResMed picks up Inova Labs
ResMed (NYSE:RMD) said today it acquired oxygen therapy medical device company Inova Labs for an undisclosed amount. The acquisition of Austin, Texas-based Inova Labs adds the LifeChoice Activox portable oxygen concentrator and Activox Duo2 fully-integrated oxygen concentrator system to ResMed’s portfolio of products, the company said. “ResMed is the global leader in connected healthcare solutions for […]
Teleflex picks up Nostix catheter placement
Teleflex (NYSE:TFX) said today that it acquired Nostix, which makes catheter tip placement location systems, for an undisclosed amount. Boulder, Colo.-based Nostix’s ECG-only device is designed to be an alternative to X-ray confirmation of peripherally inserted central catheters, Wayne, Pa.-based Teleflex said. “Adding the Nostix product line provides our customers with the ability to implement catheter […]
Sinocare closes $273m Nipro buy
Nipro (TYO: 8086) said today it closed the $273 million sale of its diagnostics business to China-based Sinocare, which renamed the newly acquired company to Trividia Health. Former Nipro Diagnostics CEO and chair Scott Verner will stay on as CEO and prez of Trividia health, joined by “key executives” from the current management team, according to the press release. […]
Precision Coating, Kisco pick up coating companies
Coating companies are on the acquisition menu for the week, with both Precision Coating and Kisco announcing new acquisitions of coating application companies yesterday. Boston-based Precision Coating said it acquired nearby Hudson, Mass.-based Boyd Coatings Research Co. Precision Coating said the acquisition will allow the company to provide fluoropolymer application services for both the medical […]
NuVasive in $410m deal to acquire Ellipse Technologies
NuVasive Inc. (NSDQ:NUVA) and Ellipse Technologies said yesterday that they inked a deal worth up to $410 million for NuVasive to acquire Ellipse and its adjustable orthopedic implants. Aliso Viejo, Calif.-based Ellipse, which registered a $75 million initial public offering last October, has a pair of orthopedic surgery devices already on the market: The Magec-Eos spinal bracing and […]
Panasonic closes $1B Bayer diabetes biz buy
Panasonic (NYSE:PC) said today it closed its $1 billion buy of Bayer‘s (ETR:BAYN) diabetes care business. The diabetes care business will operate as a stand alone company, named Ascensia Diabetes Care and will develop, manufacture, market and sell blood glucose monitoring meters and strips across 125 countries, according to Panasonic. “Our goal is to ensure high-quality […]
Argon picks up trio of vascular devices from Rex Medical
Argon Medical Devices said today it completed its buy of 3 vascular products from Rex Medical. Included in the buy were Rex’s OptionElite retrievable vena cava filter, Cleaner rotational thrombectomy system and UltraStream chronic hemodialysis catheter, the company said. “We are pleased that Argon Medical will continue in their leadership position delivering these established and tested […]